Lithuania

Last Update by Katie, 06 Aug 2024

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Exchange Rate

18 Sep 2024

 

Cost of Living

Indicative value for a working adult in a city: Vilnius

Publicly available data (Numbeo, etc..), verified by Marco’s in-country staff

Living Requirement Indicative Amount (EUR)
McDonalds Set Meal 8.00
Monthly Train and Bus Tickets 29
3 Bedrooms Rental (City Center) 1,356
3 Bedrooms Rental (Outskirt) 913

Current Inflation Rate

0.7%

Wage

Minimum Wages

  • 924 EUR per month

Median Salary

Estimated based on general positions such as HR, Accounting, Admin roles, in tier one cities.

Job Level Monthly Salary (EUR)
Entry-Level
Fresh Graduate
 950
Mid-Level
5 Years
 1,500
Experienced & Managerial Level
10 Years
 2,500
Specialized & Senior-Level
15 Years
 3,000

Annual Salary Growth

7%

Statutory Contribution

Country Level

Type Employer Rates Employee Rates Notes
Pension Insurance - 8.72% All staff
Sickness Insurance - 1.99% All staff
Maternity Insurance - 1.81% All staff
Health Insurance - 6.98% All staff
Unemployment Insurance 1.31% - Permanent contracts
2.03% - Fixed term contracts 		- All staff
Accident and Occupational Disease Insurance 0.16 - All staff depending on the company's risk profile
Long-term Employment Benefit Fund 0.16% - All staff with long service for severance payouts
Guarantee Fund 0.16%
Capped at 6 monthly salary payments 		- All staff

Other Benefit

Other common employment benefits in Lithuania include:

  • Additional Annual Leave: 4-8 additional days per year
  • Fitness Allowance: Around 30 EUR per month
  • Private Health Insurance: Around 50 EUR per month

Income Tax

Residents

  • Tax period: 1st January - 31st December
    Filing Due Date: 15th June of the following year

Country Level

Taxable Income Rate
Up to 114,162 20%
Above 114,162 32%

Non-residents

  • Depends on the double taxation agreement between countries. Typically, only income originating in Lithuania is taxed, the rate is same as residents

Working Hours

Statutory

40 hours
8 hours a day, 5 days a week

Typical practice

40 hours
Monday- Friday

Overtime

Maximum hours- 8 per week

  • General hours: 150% salary
  • Night work: 200% salary

Employment Contract

Permanent

Contract Format

In writing, in Lithuanian. Bilingual Lithuanian contracts are accepted, provided the language is mutually understood by both parties. Both parties sign the contract and staff receive a copy before employment begins.

Payroll Currency

EUR

Probation

Up to 3 months

Contract Period

No minimum duration

Termination

  • Notice during probation:
    - 3 business days, in writing
  • Voluntary resignation:
    - 10-20 business days
  • Involuntary termination:
    - At will dismissal without fault: 3 working days
    - Under 1 year service: 2 weeks
    - Over 1 year service: 1 month
    - Notice periods double for staff with 5 years until retirement , with children under 14 years old or disabled children under 18
  • Severance:
    - At will dismissal without fault: 6 months average salary
    - Up to 1 years' service: 1 month salary
    - Up to 2 years' service: 2 month's salary
    - Long-Term Service Allowance Fund of 1, 2 or 3 average monthly salaries for 5, 10 or 20 years of continuous employment

Public Holiday

16 days

Leave

Leave Type Entitlement Notes
Annual Leave 20 working days - 5 working days per week
24 working days - 6 working days per week 		All staff with 6 months' service
Sick Leave 90 calendar days per year All staff
Maternity Leave 126 calendar days
70 calendar days before birth, 56 after 		All expectant mothers
Paternity Leave 30 calendar days All expectant fathers from birth until child is 1
Adoption Leave 30 calendar days All staff adopting a child
Education Leave Up to 10 working days per year All staff with 5 years' service attending non-formal adult education programmes

Reference

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